SiTime (NASDAQ:SITM) Trading Down 8.1% – Should You Sell?

SiTime Corporation (NASDAQ:SITM)’s stock price traded down 8.1% on Monday . The stock traded as low as $571.84 and last traded at $584.03. 45,167 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 468,922 shares. The stock had previously closed at $635.66.

Analysts Set New Price Targets

Several research firms have commented on SITM. Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Weiss Ratings raised SiTime from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. UBS Group boosted their price objective on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Benchmark initiated coverage on SiTime in a research report on Wednesday, August 19th. They issued a “buy” rating and a $850.00 target price on the stock. Finally, Needham & Company LLC raised their target price on shares of SiTime from $850.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $761.25.

SiTime Trading Down 10.9%

The firm has a market cap of $17.02 billion, a price-to-earnings ratio of 1,156.52 and a beta of 2.86. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of $601.84 and a 200 day moving average price of $571.16.

SiTime (NASDAQ:SITM) last released its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.39. The company had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company’s revenue was up 126.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. As a group, research analysts anticipate that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Insider Buying and Selling at SiTime

In other SiTime news, Director Katherine Schuelke sold 500 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $698.05, for a total transaction of $349,025.00. Following the transaction, the director directly owned 12,010 shares of the company’s stock, valued at $8,383,580.50. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $721.67, for a total value of $757,753.50. Following the completion of the transaction, the director directly owned 12,481 shares in the company, valued at $9,007,163.27. The trade was a 7.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 14,550 shares of company stock valued at $9,093,418. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new position in SiTime during the 2nd quarter valued at $48,000. Parallel Advisors LLC increased its position in shares of SiTime by 26.2% during the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 16 shares during the period. Persistent Asset Partners Ltd acquired a new position in shares of SiTime in the second quarter valued at $57,000. Quantbot Technologies LP bought a new position in SiTime in the second quarter worth $63,000. Finally, Allworth Financial LP bought a new stake in SiTime in the second quarter valued at about $67,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

SiTime Company Profile

SiTime Corporation (NASDAQ: SITM) is a semiconductor company that develops precision timing solutions based on microelectromechanical systems (MEMS) technology. Its products are designed to generate, distribute and synchronize the timing signals used by electronic systems and are intended to provide alternatives to traditional quartz-based timing components.

The company’s portfolio includes MEMS oscillators, clock generators, clock buffers, resonators and related timing devices. These products are used in applications such as data centers, wired and wireless communications infrastructure, automotive systems, industrial equipment, consumer electronics, aerospace and defense systems, and other high-performance electronic devices.

SiTime was founded in 2004 and is headquartered in Santa Clara, California.